3:39 PM,
Nov. 15, 2012

About 300 business people gathered Thursday morning at Indiana University Southeast's Hoosier Room for the annual economic outlook presented by the IUS school of businesses and the Kelley School of Business. Predictions are that job growth in Louisville and Southern Indiana will slow next year because the global economic downturn will weaken demand.

Written by

Grace Schneider | The Courier-Journal

Economic growth in the Louisville area likely will continue at a sluggish pace in 2013, despite some significant gains in jobs, a panel of Indiana University experts said Thursday.

They said the metropolitan area of Louisville and Southern Indiana will experience overall growth of about 2.5 percent - not enough of a turnaround to dent unemployment rates or provide more money for cash-strapped households.

"Time is going to heal this patient," said Kyle Anderson, a clinical assistant professor of business economics at IU's Kelley School of Business campus in Indianapolis. He said the ...

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However you define this “new age of austerity,” the fact is that we have less to spend and are now redefining our standards of living. How we come to terms with new economic realities and our hopes that our children can realize a middle class lifestyle is an important conversation, one the Courier-Journal hopes to lead. Courier-Journal journalist Jere Downs reports, writes, and tracks down the information that all of us need to raise our standard of living. The granddaughter of an auto worker and a witness to the decline of the middle class in her native Detroit, Downs is a longtime business writer, and graduate of the Columbia University Graduate School of Journalism.• Contact Jere with story ideas or feedback